Niu Hui? Take a look at the recent on-chain position and buying and selling trends of Giant Whale

Original source: Rhythm BlockBeats

grateful0x ScopeData support provided

On October 24, the news that BlackRock’s Bitcoin Spot ETF had made further progress on the road to approval sent Bitcoin straight to $35,000. Since the low of October 11, Bitcoin has reached a new high in less than half a month. It has already surpassed a 30% increase, which has once again raised hopes for investors who have been suppressed for a long time in the bull return. So besides Bitcoin, what other operations do whales have on altcoins?

With the help of data from 0x Scope, BlockBeats compiled a list of the single swap transaction volume on the Ethereum chain that exceeded 300,000 between October 11 and October 24 (that is, the period from Bitcoin’s recent low of $26,000 to its rise to $35,000). The US dollar whale holdings and buying and selling trends, let’s take a look at which tokens the whales have bought/sold recently.

At the same time, we will use the VPVR indicator in Trading View Pro to simply judge when the currency price will be blocked and whether it will receive certain support at those prices. (BTC and ETH only)

What is VPVR

VPVR, the abbreviation of Volume Profile Visible Range within a fixed range, is a practical indicator for observing the distribution of chips and can be viewed through Trading View Pro.

To put it simply, we can use VPVR to observe which price range has the largest trading volume, identify intensive trading areas, and thus determine when the price will be blocked and where it will find support.

For example, in the figure below, we selected the price change range from November 9, 2022 to the present to observe the trading volume distribution, that is, from the bottom caused when FTX collapsed to the highest point today when the price exceeded $35,000.

(November 9, 2022 to present)

The left side is a histogram of trading volume distribution in this price range. The higher the volume energy bar, the greater the trading volume of Bitcoin at that price level. The red line is the price level with the highest trading volume during the period (referred to as POC); the highlighted column chart area is centered on POC and accounts for 70% of the total trading volume during the period. We can read the following information:

· During the FTX thunderstorm, a large amount of funds took over the panic selling.

· There is no obvious selling behavior at high price levels (but shipments are usually staged)

Now let’s enter the whale transaction data link

BTC package version (tBTC, WBTC)

The whales executed a total of 98 BTC transactions between October 11 and October 24, of which 64 were purchases and 34 were sales. A total of 1,343.34 BTC were purchased, valued at approximately US$40,313,014.57; a total of 1,493.45 BTC were sold, valued at approximately US$47,517,016.96.

A total of 45 whales performed net buying during this period, with a net purchase of 1,218.62 BTC, worth approximately US$36,452,282.83; a total of 19 whales performed net selling during this period The operation resulted in a net sale of 1,368.73 BTC, worth approximately US$43,572,074.10.

VPVR

From the diagram used in the previous explanation of the concept, we can see that during the FTX thunderstorm, a large amount of funds took over the panic selling. But if we extend the time line, will there be a chip-intensive area with larger trading volume above that suppresses the currency price?

Fortunately, even if the timeline is extended to the last bull market (some people believe that April 21 was the top of the last bull market), counting from the time of the 519 tragedy, we have been in the range of US$16,000 to US$25,000. The trading volume in the relative bottom area of ​​the US dollar is also considerable, starting from the thunderstorm of Sanjian Capital on June 13, 2022, and ending after the thunderstorm of SVB on March 16, 2023. It turns out that we have about 270 days to buy the bottom.

(May 19, 2021 to present)

LSD tokens for ETH (stETH, wstETH, ankrETH, cbETH, rETH, ETHx, frxETH, sfrxETH, swETH)

The whales executed a total of 150 ETH transactions between October 11 and October 24, of which 92 were buys and 58 were sells. A total of 61,279.56 ETH were purchased, worth approximately US$100,890,900.95; a total of 31,219.90 ETH were sold, valued at approximately US$54,990,616.60.

A total of 40 whales performed net buying operations during this period, with a net purchase of 52,790.48 ETH, worth approximately US$85,953,079.89; a total of 22 whales performed net selling operations during this period The operation resulted in a net sale of 22,730.82 ETH, worth approximately US$40,052,795.54.

VPVR

From the perspective of VPVR, the situation of ETH is not as optimistic as that of BTC. The bottom-hunting funds at the FTX bottom seem a bit sluggish compared to the relatively high selling funds above US$1,530, and there is a certain possibility of rebound shipments.

(November 9, 2022 to present)

Looking at the long-term perspective, if ETH can be driven by BTC and get out of the chip-intensive range, the resistance to price rise will also be reduced (although it is not as good as BTC).

(May 19, 2021 to present)

 CRV

The whales executed a total of 1 CRV transaction between October 11th and October 24th.

During this period, 1 whale performed a net purchase operation, with a net purchase of 807,156.93 CRV, worth approximately US$360,369.74.

FXS

The whales executed a total of 4 FXS transactions between October 11 and October 24, of which 2 were buys and 2 were sells. A total of 168,450.70 FXS were purchased, valued at approximately US$901,334.63; a total of 400,000.00 FXS were sold, valued at approximately US$2,268,000.00.

A total of 2 whales performed a net purchase operation during this period, with a net purchase of 168,450.70 FXS, worth approximately US$901,334.63; a total of 1 whale performed a net sell operation during this period. , with a net sale of 400,000.00 FXS, worth approximately US$2,268,000.00.

ILV

The whales executed a total of 1 ILV transaction between October 11th and October 24th.

During this period, 1 whale performed a net buying operation, buying 13,069.80 ILVs, worth approximately US$578,730.90.

KIMCHI

The whales executed a total of 1 KIMCHI transaction between October 11th and October 24th.

During this period, 1 whale performed a net purchase operation, with a net purchase of 85, 122, 467.96 KIMCHI, worth approximately US$362, 274.41.

LDO

The whales executed a total of 2 LDO transactions between October 11th and October 24th.

During this period, 1 whale performed a net purchase operation, with a net purchase of 404,340.99 LDOs, worth approximately US$735,900.63; 1 whale performed a net sale operation during this period, with a net sale 511,490.74 LDOs, worth approximately US$757,006.30.

LINK

The whales executed a total of 15 LINK transactions between October 11 and October 24, of which 11 were buys and 4 were sells. A total of 847,405.04 LINKs were purchased, valued at approximately US$7,231,381.01; a total of 216,069.83 LINKs were sold, valued at approximately US$1,693,877.55.

A total of 10 whales performed net buying operations during this period, with a net purchase of 718,556.98 LINKs, worth approximately US$6,272,247.46; a total of 2 whales performed net selling operations during this period The operation resulted in a net sale of 87,221.77 LINKs, worth approximately US$734,744.00.

PEPE

The giant whales executed a total of 4 PEPE transactions between October 11 and October 24, of which 1 was a buy and 3 were sells. A total of 524, 815, 681, 789.00 PEPE were bought, valued at approximately US$459,948.46; a total of 1,920,049,567,800.09 PEPE were sold, valued at approximately US$1,173,528.93.

During this period, 1 whale performed a net buying operation, with a net purchase of 524, 815, 681, 789.00 PEPE, worth approximately US$459, 948.46; 1 whale performed a net selling operation during this period , net sold 1,920,049,567,800.09 PEPE, worth approximately US$1,173,528.93.

RLB

The whales executed a total of 21 RLB transactions between October 11 and October 24, of which 10 were buys and 11 were sells. A total of 50, 152, 855.18 RLB were bought, valued at approximately US$7,896, 293.73; a total of 35, 151, 487.24 RLB were sold, valued at approximately US$5, 707, 977.40.

A total of 8 giant whales performed net buying operations during this period, with a net purchase of 50,152,855.18 RLB, worth approximately US$7,896,293.73; a total of 6 giant whales performed net buying operations during this period. Net selling operation, net selling of 35,151,487.24 RLB, worth approximately US$5,707,977.40.

SUSHI

The whales executed a total of 1 SUSHI transaction between October 11th and October 24th.

During this period, 1 whale performed a net purchase operation, with a net purchase of 555,385.40 SUSHI, worth approximately US$319,642.60.

BITCOIN(HarryPotterObamaSonic 10 Inu.

The whales executed a total of 1 BITCOIN transaction between October 11th and October 24th.

During this period, 1 whale performed a net selling operation, selling a net of 6,000,000.00 BITCOIN, worth approximately US$541,578.00.

FTM

The whales executed a total of 1 FTM transaction between October 11th and October 24th.

During this period, 1 whale performed a net selling operation, selling 2,250,000.00 FTMs, worth approximately US$422,124.75.

UNI

The whales executed a total of 2 UNI transactions between October 11th and October 24th.

A total of 2 giant whales performed net selling operations during this period, with a net sale of 330,429.50 UNIs, worth approximately US$1,347,962.17.